37 Elmswell AvenueManchesterNJ08759
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Manchester at 37 Elmswell Avenue, Manchester, NJ, 08759 offers $2,824/mo rent that, after a $1,762/mo payment, leaves $258/mo cash flow. Total monthly income is $2,824/mo, and annual cash flow is $3,096/yr on $119,340 cash. Return on cash invested measures 22.5% in year one, and rental yield stands at 9.41% at a $360,000 entry. Equity gained on principal adds $2,323/yr while 5% annual appreciation compounds into $99,461 by year five. Five-year ROI records 117.98% and total cumulative return in cash reaches $140,793. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,824/mo property income versus a $1,762/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08759, Manchester Township, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,283 (100%) |
| Owner Occupied HU | 19,068 (81.9%) |
| Renter Occupied HU | 2,211 ( 9.5%) |
| Vacant Housing Units | 2,004 ( 8.6%) |
| Median Home Value | $231,529 |
| Average Home Value | $352,495 |
Housing Distribution
Address Breakdown
Residential
22,057
Single Family
21,519
Multi-Family
538
Businesses
338
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Listed by: Isaac Nussbaum • Real Broker, LLC- Toms River
Mls Name: MOMLS
Mls ID: #22520942